UsNet names new officers, directors

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Officers and directors were named to the UsNet board at the credit union service organization’s 25th annual meeting. The New York based organization connects 3.2 million credit union members with access to more than 5,600 shared branches in and beyond the U.S., which represents the nation’s second largest network of financial institution branches.

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Association announces board election results; Ann Hynes appointed chair

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The New York Credit Union Association announced the results of their board elections during the 2019 Annual Meeting yesterday. Elections were being held for one board seat in the up to $25 million asset category, two seats in the $25 million – $100 million asset category, and one seat in the more than $100 million asset category.

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Association urging CU action on municipal deposits legislation

New York State Capitol Building, Albany

The New York Credit Union Association yesterday issued a new, urgent call to action on legislation that would grant local governments the authority to deposit funds in credit unions. The Association vehemently supports the legislation, A.3262-A (Zebrowski)/S.6079-A (Sanders), and is strongly encouraging every credit union advocate in New York—including those who previously took action on this matter—to contact their state lawmakers and urge them to support the legislation.

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State Senate passes Banking Development District bill

New York State Capitol

The state Senate passed an important bill yesterday that would grant credit unions access to the state Banking Development District Program. The legislation was introduced by Sen. Velmanette Montgomery, D-Metropolitan. Passage of the legislation would include credit unions within the definition of a bank, trust company or national bank for the purpose of the BDD Program.

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